The Livret A rate will increase at the start of 2022, announces Bruno Le Maire

It does not specify by how much but the announcement is formal: “The rate of the livret A will increase in January”, declared Monday December 13 on BFMTV / RMC the Minister of the Economy, Bruno Le Maire. His ministry said the rate hike will be proposed by the government in January and will take place on 1er February.

The governor of the Banque de France, François Villeroy de Galhau, had for his part already indicated Friday on RTL that the calculation of the rate of the livret A would integrate the inflation of the last six months. “I cannot give you a figure: the governor of the Banque de France will make a proposal”, specified the minister.

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Refuge placement

Despite a level of remuneration at the lowest 0.5%, the Livret A, which is used in particular to finance social housing in France, has become a safe haven for savers during the health crisis which saw its outstandings jump. . But since May, net inflows have slowed sharply, while consumption has picked up and inflation has picked up.

Read also The Livret A, the health crisis and the 40 billion euros set aside

Bruno Le Maire explained that the fight against the effects of inflation on purchasing power must be based on the following triptych: “Protection against the increase in energy prices, 50% of the increase in inflation that’s it, protection against the increase in current consumption prices in mass distribution and also increase in remuneration so that people do not lose money in the accounts in which they put their savings. “

Asked about a possible boost for the minimum wage at 1er January, he replied that “We are the only developed country where the minimum wage is indexed to inflation”.

Read also Savings: the great vertigo of the Livret A

The World with AFP

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